We aim to provide our clients with a clear financial direction. This is achieved by having a full understanding of your current financial position.
It would be useful and will save time, if you could bring along our client questionnaire pre filled with your details, a bank statement so that we might accurately capture details of your existing income and expenditure, the most up to date statement for each of your existing financial arrangements (if applicable) and finally your identification. Your passport and driving licence work best.
We then discuss your objectives and hopes for your future along with the importance of each. Our aim is to reduce future barriers to achieving these objectives and to maximise the opportunities for achieving your financial goals.
In simple terms:
INTRODUCTION –
We meet to see if we get along and can work together.- DISCOVERY –
We discuss your current position and aspirations - ANALYSIS –
We review your current planning and formulate ideas to increase your chances of financial success. - PRESENTATION –
We share with you the ideas and their effects - IMPLEMENTATION –
We take the necessary steps to put your plan in place - REVIEW –
We catch up as often as is necessary for you.
INTRODUCTION
You may wish to pre read our client agreement to familiarise yourself with the way we look to do business with you.
DISCOVERY – Client Responsibility
In order to advise you we need a thorough understanding of your personal circumstances and we ask that you supply us with such information as openly and accurately as possible. We may need to contact you for further information and ask your permission to liaise with your other professional advisers (accountant, solicitor, investment manager etc.) Our advice will be based on this initial information so it is important that we get it right.
ANALYSIS – Research and Report Preparation
We will prepare a bespoke financial plan to suit your individual objectives. This will also be assessed against your excesses/shortfalls in capital or income, attitude to risk, appropriate asset allocation, your taxation status, time horizon and costs.
PRESENTATION – Report Presentation
Depending on what service level is agreed you will either be sent the financial plan for you to review or we will arrange to meet you again to discuss its contents.
IMPLEMENTATION – Plan Execution
Once the specifics of your personal plan are agreed, we will initiate the plan by putting in place any protection to minimise the risk of plan failure. The next step often involves contacting the necessary parties (solicitors, fund managers, bank managers etc) to make any deposits or investments that we have discussed and agreed.
REVIEW – Meetings
Once your plan is in place we will agree a process for regular reviews with you. This can be as often as quarterly or as infrequent as annually. In most circumstances we would recommend six monthly reviews. The purpose of these meetings is to review the performance of the plan in place, re-assess your personal circumstances, thus ensuring we are optimising the opportunities that may exist.
In between these meetings, it is our job to continually assess your asset allocation in line with economic conditions.
